USA Technologies Inc. has suspended George Jensen as chairman and CEO and anticipates that he will resign those posts shortly, according to a filing company made on Wednesday with the Securities and Exchange Commission.

Malvern, Pa.-based USA Technologies (NASDAQ:USAT) said in the filing that it suspended Jensen on Oct. 5 pending an investigation by its board of directors’ audit committee into postings Jensen made about it on an Internet message board.

The company named Stephen P. Herbert its interim chairman and CEO on Oct. 5. Herbert retained the posts of president and chief operating officer, which he has held since 1999.

USA Technologies provides products and services that enable a wide variety of machines used by consumers, including vending machines, to accept cashless payments and be remotely monitored.

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